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Avionics Industry - Market Predictions and Key Players' Landscape

Avionics Market by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027

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Avionics Industry - Market Predictions and Key Players' Landscape

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  1. (/) Avionics Industry Size CAREER (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) RESOURCE CENTER ABOUT MNM Search Reports HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/)› PRESS RELEASES (/PRESS-RELEASE-2.HTML)› Avionics Industry worth $66.3 Billion by 2027 GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Avionics Industry worth $66.3 Billion by 2027 (/Knowledgestore.asp) VIEW FULL TABLE OF CONTENTS (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET- REPORTS/COMMERCIAL-AVIONIC-SYSTEM-MARKET-138098845.HTML) METHODOLOGY (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/COMMERCIAL-AVIONIC- SYSTEM-MARKET-138098845.HTML) DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=138098845) The report "Avionics Market (https://www.marketsandmarkets.com/Market-Reports/commercial-avionic-system- market-138098845.html) by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027" The avionics market size is projected to grow from USD 46.7 Billion in 2022 to USD 66.3 Billion by 2027, at a CAGR of 7.3% from 2022 to 2027. The deployment of avionics is driven by the rising demand for aircraft modernization to improve operating safety and fuel economy, consequently lowering operational costs. Advance digital avionics are already present in newer generation aircraft. To improve operational efficiency and safety, airline operators are rapidly updating their aircraft outdated electronics systems. Browse 232 market data Tables and 50 Figures spread through 277 Pages and in-depth TOC on "Avionics Market by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/commercial- avionic-system-market-138098845.html (https://www.marketsandmarkets.com/Market-Reports/commercial- avionic-system-market-138098845.html) The Navigation segment is estimated to dominate market share in the avionics market during the forecast period Based on system, the navigation segment is projected to lead the market during the forecast period. It is projected that demand for components like air data computers and altimeters would increase at the rapid pace. The major airline is also expanding its fleet in order to meet demand; the fleet which is outfitted will be updated with advanced inertial reference systems and air data computers that are connected with other avionics systems to increase operational efficacy. The technological development of navigational tools has significantly fuelled the markets growth. (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  2. The Military Aviation segment is estimated to account for the largest share of the avionics market during forecast period Based on Platform, military aviation segment is projected to lead the avionic market during the forecast period. Over the last ten years, the demand for military aircraft is expanding as a result of the military superpowers increasing military expenditure, including the US, China, and Russia. It will help the market for military avionics to grow. The market for military aircraft will be strengthened by new developments in aircraft, such as the use of stealth technology, sophisticated composite materials, and fifth-generation technology. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) HOME (/) CAREER (/CAREER.ASP) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) The line fit segment is estimated to dominate market share in the avionics market during the forecast period Based on Fit, the line fit segment is projected to lead the avionics market during the forecast period. More aircraft deliveries are being done to effectively service the steadily increasing passenger demand. Strategies for fleet modernization are anticipated to be influenced by rising laws that aim to enhance the safety features provided by aircraft and standardize the features provided by different types of aircraft. North America is projected to lead the market during the forecast period North America dominated market share in 2022, and Latin America is projected to witness growth at the highest CAGR during the forecast period. The avionics market for the commercial and business aviation sectors in these regions is expected to grow on account of the growing demand for air travel, while the demand for avionics in the military aviation sector is driven by the modernization of aircraft fleet. Major players operating in the avionics market include Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), General Electric Company (US), Safran SA (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), and Garmin Limited (US). Don’t miss out on business opportunities in Avionics Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow. (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=138098845) About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  3. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com (mailto:sales@marketsandmarkets.com) (/) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) HOME (/) CAREER (/CAREER.ASP) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) Report Code AS 3373 PR Published ON 9/26/2022 ? REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=138098845) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=138098845) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=138098845) ADJACENT MARKETS REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=138098845) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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